2002, the Olin Partners and Virtual Olin Partners selected the phoenix as the school's mascot. The mascot, sometimes unofficially called Frank, represents Olin's willingness to reinvent itself, just as the phoenix is reborn from its ashes. In 2013, Olin underwent a rebranding, and the original school colors, blue and silver, are now seen together only in the school seal and on diplomas. Everywhere else, the school now uses gradients of bright colors.
== Reputation and rankings ==
In the 2022–2023 U.S. News & World Report college rankings, Olin was ranked second for the best undergraduate engineering programs among non-doctorate-granting institutions in the United States.
As of 2014, The Princeton Review ranked Olin College second for classroom experience, third for dormitories, third for amount of studying, fourth for student opinion of professors, fifth for ease of getting around campus, eighth for LGBT friendliness, 11th for financial aid, 11th for quality of life, 12th for science laboratory facilities, …